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Europe Daily Bulletin No. 9233

15 July 2006
Contents Publication in full By article 24 / 26
GENERAL NEWS / (eu) eu/court of first instance
Planned acquisition of Endesa by Gas Natural in Spain does not fall within European Commission's jurisdiction

Luxembourg, 14/07/2006 (Agence Europe) - The European Court of First Instance has confirmed the European Commission's decision that the proposed acquisition of Endesa, a Spanish electricity company, by Gas Natural, a Spanish gas company, did not fall within the European Commission's jurisdiction because the merger did not present a Community dimension as both Endesa and Gas Natural make at least 75% of their turnover in Spain. The Court of First Instance rejected Endesa' argument that the...

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